"Syniverse may be the most important company you’ve never heard of."
One of Tampa Bay’s largest private companies is returning to the public market in a merger that values the combined firm at more than $2.8 billion.
Syniverse, a telecommunications company that specializes in mobile and cloud connectivity, will merge with publicly traded New York acquisition company M3-Brigade Acquisition II Corp. that will infuse the firm with up to $1.2 billion in cash, according to a press release.
Upon completion of the deal, the Tampa company will return to the New York Stock Exchange under the name Syniverse Technologies Corporation and ticker symbol SYNV. It’s familiar territory for Syniverse, which was once one of Tampa Bay’s largest public companies until it was sold to private equity firm the Carlyle Group in 2011 for $2.6 billion in cash.
Read more at the Tampa Bay Times